According to a July 16 report from The Chosun Ilbo, Daewoo Shipbuilding & Marine Engineering said that it has signed a memorandum of understanding to acquire a 49% stake in South African shipping company Impinda.
(Source: The Chosun Ilbo)
The House of Lords Arctic Committee urged that UK should follow the example set by France, Singapore and Japan and appoint an Ambassador for the Arctic.
Cochin Shipyard Ltd (CSL) has launched the 14th of the series of 20 Fast Patrol Vessels (FPV) being built for the Indian Coast Guard.
With this, CSL said,
The US is keen in exploring great opportunities for co-operation on maritime issues with India, Admiral Jonathan Greenert, Chief of Naval Operations told members